16. Personnel expenses

Personnel expenses can be broken down as follows:

€ million

 

2015/16

 

2016/17

Wages and salaries

 

3,439

 

3,247

Social security expenses, expenses for post-employment benefits and related employee benefits

 

794

 

768

thereof for post-employment benefits

 

(65)

 

(35)

 

 

4,233

 

4,016

Wages and salaries shown in personnel expenses include expenses relating to restructuring and severance payments of €92 million (2015/16: €224 million). Variable remuneration based on the metric declined from €75 million in financial year 2015/16 to €67 million in financial year 2016/17. Wages and salaries also include expenses for share-based payments totalling €31 million (2015/16: €26 million).

Annual average number of group employees:

Number of employees by headcount

 

2015/16

 

2016/17

Blue collar/white collar

 

153,442

 

151,777

Apprentices/trainees

 

3,410

 

3,305

 

 

156,852

 

155,082

This includes an absolute number of 39,872 (2015/16: 41,521) part-time employees. The number of employees working abroad amounted to 98,557 (2015/16: 98,651). This includes 97,316 (2015/16: 97,429) employees. An additional 1,241 (2015/16: 1,222) apprentices were employed outside of Germany.

EBITaC (Earnings Before Interest and Taxes after Cost of Capital)
This indicator shows whether a company successfully uses its business assets and achieves value added that exceeds the cost of capital.
Glossary